In India, Management Skills Become Innovative Assets
International Trade Forum › Num. 3-4/2008, Juillet 2008
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Résumé
Traditionally, lenders wouldn't dare offer credit to small and medium-sized enterprises (SMEs) without financial collateral. But since a major Indian bank began doing just that in 2007, the results have been staggering. In just over a year, they have enhanced opportunities for small businesses, women and entire communities. But despite their value in the economy, banks have traditionally been reluctant to loan to SMEs, based on the perception that they present higher risks. Add to that the difficulty for banks to identify which SMEs have real potential plus the higher transaction costs associated with SME banking, and the situation becomes tough for these businesses which cannot expand without credit.
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In India, Management Skills Become Innovative Assets
Traditionally, lenders wouldn't dare offer credit to small and medium-sized enterprises (SMEs) without financial collateral. But since a major Indian bank began doing just that in 2007, the results have been staggering. In just over a year, they have enhanced o...
Voir le contenu complet de ce document
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